02.06 : Well said !
Excellent , factual , focused comment .
Which makes a refreshing change from the persistent miserable moaning from a small group of regular posters on here who are over exposed , too emotional , regret buying , wont sell , lose trading , dont research , lack experience , cant buy
and cant see the wood for the trees .
Someone raised the issue of Consolidation recently .
imo : ~~~ This is a double edged sword and it`s always dangerous to play with knives !
On the face of it it would seem sensible to reduce the number of shares in circulation to give the `appearance` that there is quality in the more highly rated , higher priced stock .
The fact is , the market cap would theoretically remain the same as would the value of your investment . Traders are unlikely to welcome such a move , as shifting large bundles of more highly priced stock becomes more problematical , this would also affect large shareholders making the stock less liquid . In practice , reverse share splits often have the reverse of the benefits that were hoped for . There are complex administrative costs and approvals required the result is usually a fall of c. 15% in the value of the stock , although this may recover in time assume that the Company is in a positive or growth development phase . But , often reverse splits are used for Companies in financial difficulties and the practice has bad connotations further impacting negative market response ( I have been a `Victim` of these machinations in the past !) . Small share holders I suspect would be rather displeased should their investment be savaged by some 15% reduction in value which is one of the reasons why a reverse split is perceived with negativity .The irony is that post split and assuming continued success , the sp can become even more illiquid , and although the share price has risen , Companies then may start considering a rights issue creating further dilution , but possibly future gains .
In our case the call for a US listing seems appealing ~ But ~ here again there are a myriad of issues to be considered , not least the initial costs and then subsequent costs of meeting the very much more stringent regulations of the US markets ( Reporting / accounting / transparency / liquidity ...etc ) and there can be no guarantees that Americans will stampede to buy the shares . At this stage , surely any free funds available should be directed at ongoing Company development ~ and there`s a helluva lot of that to do !
Bottom line ~~~ This is a bit of a minefield and while I agree that there are many , very many , short comings with the shabby AIM market , at this point in the Company`s development we are probably best served to maintain the status quo .
This is a subject for discussion , consideration and decision by the BoD and I feel there are much more important issues that must take priority over what I consider to be a bit of an unnecessary premature fiscal gamble . A bit of kite flying .
.
Let sleeping dogs lie !
VGLA ~ Investors .
Agreed !
The `Nay sayers` were furiously vociferous yesterday perhaps in some perverse attempt to drown out quality observation and comment . I suggest that any nervous `Investor` revisit the posts yesterday by Adon 30 and Womo to clarify any misgivings they might have picked up from the out burst of negativity .
Thank you Adon and Womo for your contribution .
I`m getting `Impatient` , but not with the Company .
I`m getting impatient not even with those who might offer a reasoned well constructed contrarian perspective with some reasoned debate .
I am getting impatient with pointless miserable negativity .
How truly infantile to moan ` I haven`t got my RS3 yet ` .
DOH ! ~ Get a life first ~ I suspect that childish person is likely to lose his in a car like that .
I see The Nay Sayers are out , and it`s the gamblers who are taking a hit today ~ again !
No vision , No confidence , No patience and some with No integrity .
Couldn`t wait a few weeks for 36-2 , let alone the 4th Quarter .
The few millions that are punted have absolutely no bearing on the real value of this Company .
This volatility is just cannon fodder for the ever manipulative M M`s .
Fwiw ~ My feeling is the Paradox will become a vast complex of hugely profitable oil and gas production , This will become apparent by the end of the year .
VGLA ~ Investors .
Well said MT .
Unfortunately , it is not the only lie that is being propagated or disingenuous negative rhetoric .
Mr Market is always enthusiastic to translate such discord into volatility which obviously suits their commercial objectives . Over the past weeks through the new tax year and through this period of unfortunate delay , the MM`s have utilised `sentiment`(amongst their usual tactics) to depress the sp . For example : During this period there have been a large number of roll over trades , these can be placed on either the buy or sell side , the sell side has regularly been a more attractive call resulting in a distorted understanding of (an already almost impossible to decipher trading positions ) the reported buy / sell positions and thus justifying the sp decline .
It`s the `Market` , that`s what `They` do , that`s how `They` make their money .
`They` are going to have a bonanza when this very well run little Company , with a dedicated talented BoD , an experienced Management Team , and professional Oilmen enabling development , starts selling the Product of Paradox !
Such a shame a few half believers and mischief makers only focus on negatives and temporary set backs .
The MM`S love them !
Imagine taking out a Short position at these levels ..... Derrrrr !
VGLA - Investors .
Thank you Argylerich .
A nice summary of that which investors need to know as we move toward Q4 , where much of the mist should clear and patience rewarded .
You didn`t mention the `Third Party ` wild card which was dropped in for the first time .
I was a little surprised by that , but on reflection ~ Not surprised !
ATB
For the last year or so four or five posters on this site have used every possible opportunity to cast doubt on the value of this business and its Directors . It is abundantly clear that the development of the Company has been affected by many issues and problems well out of their control , such problems are common with Oil Exploration Companies . Such problems should not be unexpected in this Industry . The core business however , non opps which continues to generate crucial income for development of the Paradox Field and The Paradox continues to demonstrate huge potential . This would seem to be of little interest for some of these `Commentators` . Any serious , intelligent `Investors` who constantly bemoan the Directors , The Company strategy , its progress and potential would surely have sold and moved to a more appealing prospect . Unless ~~~
There is world of difference between observation , discussion and objective criticism to that of hostile depreciation of the Company in which you claim to be `heavily invested` .
Some of the statements made by these people are beyond ridiculous . Who would they rather have run the Company , Why would ANOther prove more effective at getting the Paradox into production , Why has CH suddenly become the barrier to progress , Why is another mere six months too long to wait for progress and perhaps even production ?
I imagine that some of these people DO have an agenda that is not entirely supportive of this business .
The clue may be in the mainly paltry trade volumes , for which the MM`s are quite happy to encourage volatility .
Unfortunately , smaller inexperienced investors are often shaken out of their positions and their money , by the negativity posted and a resultant fall in the share price .
It doesn`t impact my own investment here , in fact I am continuing to buy shares when I can , I will stay to the completion of the project and accept that issues have conspired to delay progress .
Personally , I find this sort of duplicitous behaviour disgusting , fortunately it is but a small vociferous minority ,
Such is the sad way of the world today .
VGLA ~ Investors .
It will make no difference to myself
Hello Mr Armada ,
I`m not entirely sure if your 09.56 post was directed at myself , the grammar and syntax negated clear interpretation .
No explanation or response required .
Good luck with your risk assessment career and of course your perceived risky assessments .
Zephyr Energy plc
TPI is pleased to provide its latest research note on Zephyr Energy plc (ZPHR.L).
Zephyr yesterday provided an operational update for its State 36-2 LNW-CC well (the ‘State 36-2 well or ‘the Well’) at the Group’s flagship project in the Paradox Basin, Utah. Following completion of workover operations on 7 April 2023, apparent failure of a Full Opening Safety (or ‘TIW’) Valve at surface led to a significant well control incident. Despite multiple attempts by the rig crew to secure the Well, hydrocarbons were released from the wellbore in an uncontrolled manner. Importantly, all personnel were safely evacuated without injury and relevant authorities were notified, as a result of which a specialist well control team (recommended by the Group’s insurers) was deployed. On Monday the Well was successfully brought back under control, following which well pad remediation steps immediately commenced. While the remediation process is not expected to present any technical challenges, management will now re-evaluate every aspect of the upcoming production test, including any associated well work needed to help ensure a successful test (which is now understandably delayed but at present expected to get underway in the coming weeks). On a positive note, Zephyr does maintain comprehensive Well Control Insurance with potential to cover the bulk of all direct and indirect costs incurred during this incident, while the extent of gas and condensate flow witnessed during the three days of continuous uncontrolled blowout builds confidence that Zephyr does indeed have a very large well on hand.
The O&G armchair experts , the naysayers , the non investors , the spivs and the disruptors who all had such indignant condemnation for the Company and its operatives yesterday should be remembered .
Remembered for weasel words , ignorance and for deception .
Remember these posters , their opinion is not good for your wealth .
~ imo .
Somewhere in all the negative finger pointing posts today I doubt CH will find an explanation and more importantly a resolution to the problems encountered with 36-2 on Friday .
Details of the failure have ~ afaics ~ not been revealed .
Perhaps a failure in the casing , perhaps the BOP valve failed , we just do not know .
This equipment can fail , eg : Deep water Horizon .
Nor do we know how the problem is going to be rectified .
The Company are already involved in the clean up and surely working flat out to resolve this problem .
I think we can be sure that the problem will be resolved and in due course production testing resumed .
Oil and Gas would seem to be present that there is evidence that the reservoir may indeed be prolific .
Typical market reaction , and typical reaction by the overstretched , the nervous and the trading fraternity .
A little MORE patience required !!!
VGLA ~ INVESTORS .
NtD : ~~~ Great post , I`m in the armchair next to you !
Perhaps a little `Kicker ` tomorrow , perhaps 13th , but as mentioned on Tuesday I also favour w/c 17th .
It would be nice to get going , but , if I have to wait until Q4 ~ So be it ~ Just have to keep topping up !
ATB .
"Very Soon" . I certainly agree with that NtD !
I think we`ve been caught up in some fiscal adjustments over the last few weeks .
Today and tomorrow are probably likely to be flat .
We may see a little blip on Thursday . First day of the New Tax year and some early birds will no doubt want to be in or more likely, back in .
Nothing on Good Friday .
I think that CH will want to maximise the opportunity impact for any announcement , so allowing for a `Long weekend` , I would not be surprised to see 36-2 flow results on Thursday 13th . (Thursdays seem to be news days )
Failing that , week commencing 17th .
I think Ive covered all the immediate possibilities !
Anyway ~ Yes ~ "Very soon " , and Yes ~ Very Confident !
VGLA
Just had a look at today`s trades . Last of the ` Big Roller`s` and Profit Consolidators before end of the Tax Year ?
Also some nice buys , unfortunately mine was just another little nibble !
A positive outcome at 32 , and we`ll be back to 7p before many profit takers can get back in .
GLA
The year end tax shenanigans over the past few weeks are coming to a close , and the expectation is of news appearing on the horizon . Perhaps there is at last some enthusiasm growing for this years development plans and production potential .
I wonder if those who lost faith and sold into the fall from 7p to 4.5p will soon be scrambling to get back in ?
Recently quiet Colin should soon be on the airwaves again !
VGLA
me an Aim listed oil Company that has not declined over the past 6 months + in a similar manner to ZPHR ?
Falling Oil price , $140- $70 , Supply `v` Demand , Serious Global tensions , Finance , Russia , Ukraine , Price caps , China Import Drop , Exchange rate , Bank failure , Debt levels , QE , ~ ~ ~ ~ Megan Markle .
.
Show me an Aim listed Oil Company with better potential than ZPHR ?